As of 6 Nov 2026, Madhav Marbles and Granites is loss-making on a trailing 12-month basis, with a net loss of ₹0.23 Cr, so it has no P/E ratio. The share price is ₹33.90, 26% below its 52-week high. Sales fell 14% a year over 3 years. It carries very little debt. It is a small-cap company with a market cap of ₹30 Cr, ranked 55th of 64 Building Products & Equipment companies by market cap; the shares fell 19% over the past year.
- ₹33.07
- ₹34.00
- ₹32.11
- ₹33.06
- 4.9K
Health check
- ReturnsBehind
−19.4% over a year, better than 1 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −13.5% a year over 3 years.
- ProfitabilityWeak
ROCE 1.3% vs peer median 20.7%.
- Balance sheetFair
Debt 0.07× equity, interest covered 1.9×, Piotroski 4 of 9.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹30 Cr
- Small cap
- P/E
- n/a
- Industry 24.8
- Price to book
- 0.24
- Peers 7.95
- Dividend yield
- 0.00%
- ROE
- −0.3%
- Peers 18.7%
- ROCE
- 1.3%
- Peers 20.7%
- Debt to equity
- 0.07
- Debt ₹7.96 Cr
- EPS (TTM)
- −₹0.26
- Face value ₹10
- OPM (TTM)
- −6.7%
- Net margin −0.8%
- Sales growth
- −1.5%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.99
- EV/EBITDA −16.1
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −0.3%.
- Quarterly sales down 1.5% on a year ago.
- Interest coverage of only −0.8×.
About Madhav Marbles and Granites
Madhav Marbles and Granites Limited engages in the processing and exporting of granite, marble, quartz, limestone, and natural stones in India and internationally. It operates in three segments: Granite and Stone, Realty, and Power Generation. The company offers marble slabs and tiles, granite and granite cutter slabs, quartzite and quartz slabs, marble slabs, and calibrated and large format granite tiles, as well as exotic and exclusive stone slabs,…
- Headquarters
- Udaipur
- Employees
- 133
- Sector
- Industrials
- ISIN
- INE925C01016
- Website
- madhavmarbles.com
Price range
- Avg volume (3M)
- 3.8K
- 1-year return
- minus 19.4%
- From 52-week high
- minus 26.3%
Peers · Building Products & Equipment
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CPPLUSAditya Infotech | 4,131.40 | minus 0.94% | 50,682 | 82.2 | 88.3 | 25.9% | 14.5% | 0.10 | 22.7% | plus 215.4% |
| SUPREMEINDSupreme Industries | 3,156.90 | minus 4.07% | 40,118 | 35.5 | 25.0 | 19.6% | 14.4% | 0.01 | 6.8% | minus 15.4% |
| ASTRALAstral | 1,253.60 | minus 9.68% | 33,678 | 59.3 | 31.1 | 17.6% | 15.5% | 0.08 | 8.4% | minus 5.4% |
| BLUESTARCOBlue Star | 1,575.00 | plus 0.19% | 32,381 | 60.6 | 33.4 | 20.7% | 6.6% | 0.22 | 15.7% | minus 18.0% |
| GRINDWELLGrindwell Norton | 1,919.10 | minus 0.55% | 21,248 | 46.0 | 34.1 | 21.0% | 19.2% | 0.02 | 6.6% | plus 16.8% |
| KAJARIACERKajaria Ceramics | 1,180.70 | minus 2.08% | 18,554 | 31.1 | 21.0 | 21.0% | 19.0% | 0.13 | 3.3% | plus 3.3% |
| FINPIPEFinolex Industries | 141.95 | minus 1.95% | 8,777 | 14.5 | 9.5 | 12.6% | 17.5% | 0.02 | −2.4% | minus 23.1% |
| MADHAVMadhav Marbles and Granites | 33.90 | plus 2.54% | 30 | – | – | 1.3% | −7.3% | 0.07 | −13.5% | minus 19.4% |
| Median of 7 peers | – | −1.95% | 32,381 | 46.0 | 31.1 | 20.7% | 15.5% | 0.08 | 6.8% | −5.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 8 | 6.8 | 6.6 | 9.2 | 7.9 | |
| 8 | 7.6 | 6.8 | 10.4 | 7.8 | |
| −0 | −0.8 | −0.2 | −1.2 | 0.1 | |
| −0.2% | −11.3% | −2.6% | −13.1% | 1.4% | |
| 0.8 | 1.3 | 0.6 | 1.5 | 0.5 | |
| 0.4 | 0.6 | 0.3 | 0.2 | 0.3 | |
| 0.7 | 0.6 | 0.8 | 0.7 | 0.7 | |
| – | – | – | 3.1 | – | |
| −0.3 | −0.7 | −0.7 | 2.5 | −0.3 | |
| −12.3% | −1.1% | 3.6% | 24.8% | −12.0% | |
| −0.2 | −0.4 | −0.5 | 1.5 | −0.8 | |
| -0.20 | -0.49 | -0.55 | 1.67 | -0.89 |
Profit & loss
- Sales CAGR 3Y
- −13.5%
- ROE
- −0.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 47.2 | 39.6 | 31 | 30.5 | |
| – | minus 16.2% | minus 21.6% | minus 1.5% | |
| 46.5 | 40.1 | 30.6 | 31.2 | |
| 0.7 | −0.5 | 0.4 | −0.6 | |
| 1.4% | −1.2% | 1.2% | −2.1% | |
| 3.2 | 2.5 | 1.7 | 2.6 | |
| 0.4 | 1.2 | 0.8 | 0.8 | |
| 4.7 | 2.8 | 2.6 | 2.9 | |
| 0.2 | 0.1 | 0.1 | 2.5 | |
| −1 | −1.8 | −1.1 | 0.7 | |
| 28.8% | −5.6% | −29.3% | 86.8% | |
| −3.8 | −2.3 | −1.5 | −0.4 | |
| -4.30 | -2.58 | -1.66 | -0.40 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.9 | 8.9 | 8.9 | 8.9 | |
| 117 | 116 | 115 | 115 | |
| 9.6 | 15.1 | 11.7 | 8 | |
| 5.4 | 2.5 | 3 | 5.4 | |
| 141 | 142 | 139 | 137 | |
| 33.2 | 30.5 | 28.2 | 24.8 | |
| 2.9 | 3.2 | 3.2 | 3 | |
| – | 1.1 | 0.1 | 0.1 | |
| 4.5 | 0.9 | 0.4 | 1.4 | |
| 101 | 107 | 107 | 108 | |
| 141 | 142 | 139 | 137 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 23.2 | −5.6 | 2 | 5.2 | |
| −4.9 | 1.8 | 3.1 | 1.1 | |
| −18.5 | 3.7 | −4.8 | −5.2 | |
| −0.2 | −0.1 | 0.3 | 1 | |
| −4.8 | −0.4 | −0.3 | −0.5 | |
| 18.5 | −5.9 | 1.8 | 4.7 | |
| −0.2 | – | – | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.